Crypto airdrop is an event of distributing coins or tokens to just wallet addresses, free of charge. It’s a marketing strategy. This is like you receive a discount card in your email that encourages you to the new store for purchase. However, the aim of crypto airdrops is not to let recipients spend money but rather to raise awareness of a new coin and encourage the adoption of new projects.

How to Get Crypto Airdrop?

Crypto projects have a certain amount of tokens to distribute to people who meet their eligibility requirements. In most cases, you have to complete one or several tasks in exchange, such as following the Twitter account, joining a channel, sharing or retweeting a certain post, interacting on the network, etc. So prepare social media accounts like Facebook, Twitter, and Discord, and register several digital wallets. If you’re eligible, it’s possible to win tokens from the airdrop. It will be deposited in your wallet or you have to claim manually. But it’s not guaranteed to receive.

Where to Find Airdrops for Free Coins 2022?

There are ways to find upcoming airdrops:

- Search on social media with the hashtag #airdrop
- Keep tuned on the community or discord group
- Focus on different cryptocurrency forums for upcoming airdrops

What is Bitcoin?

Bitcoin is a decentralized cryptocurrency and an innovative payment network. It’s free of central banks and provides a peer-to-peer network to transfer money. Every transaction is transparent and immutable. Investors use Bitcoin as a means of exchange as well as a store of value to hedge against inflation.

Who gave birth to Bitcoin? Satoshi Nakamoto, the anonymous name of the creator of Bitcoin. Satoshi began to think of a new currency when he saw central banks publish cash which caused inflation during the economic crisis. Fiat could be of less value due to inflation and people couldn’t do anything. He created Bitcoin with the purpose to provide an alternative payment method without the control of the central government.

How does Bitcoin mining work?

What is Bitcoin mining? Bitcoin mining is the process of getting new Bitcoin. It also confirms the transactions in the network running in Bitcoin code and sync to all nodes on the chain. ‘Mining’ is performed on a computer for hash operations. The first computer to find the solution to complex math puzzles will get the right for the next block and this happens every 10 minutes. The ability to find the solution depends on the portion of the network’s total mining power.

The supply of Bitcoin is limited and the total supply is 21 million. The current Bitcoin is 19.2 million. The Bitcoin quantity will be reduced by 50% every time it reaches 210000 blocks or reduced once every four years by design.

What determines Bitcoin’s price?

Since its birth, Bitcoin has had volatile prices due to many factors. Unlike fiat, Bitcoin is not issued by the government or bank therefore monetary policy, inflation rate, or financial measurement don’t influence its price. Bitcoin acts more like a commodity. The price is influenced heavily by supply and demand. It depends on how many coins are in circulation and how many people are willing to buy.